BSE: SHREEREF CMP: Rs 400.00 P/E: 66.51x ROCE: 13.90% 6M Ret: +108.93% Div Yld: Nil ATH: Rs 403.00
Key Performance Indicators
Shree Refrigerat trades at Rs 400.00 on BSE (SHREEREF), with a market capitalisation of Rs 1431.85 crore. The price-to-earnings ratio is 66.51x. Return on capital employed stands at 13.90%. The six-month return is +108.93%. Quarterly net profit is Rs 19.96 crore (+343.56% year-on-year change). Quarterly sales stand at Rs 103.16 crore (+116.00% year-on-year). The all-time high is Rs 403.00, 0.8% above the current price.
Highlights
Shree Refrigerat has delivered a six-month return of 108.93%, with a market capitalisation of Rs 1431.85 crore at the current price of Rs 400.00. The all-time high of Rs 403.00 sits 0.8% above the current price, indicating the stock has corrected from its historical peak and offers headroom for appreciation toward that level. The company's ROCE of 13.90% — in the solid 12–15% range, indicating good capital efficiency — is a key distinguishing fundamental metric.
The P/E of 66.51x carries a moderate growth premium relative to the Indian market average, pricing in above-economy earnings growth expectations. The industrials sector tailwinds — industrial PLI schemes, infrastructure investment, and manufacturing growth — provide structural support for sustained revenue and earnings growth.
Business Overview
Shree Refrigerations manufactures commercial refrigeration equipment — cold storage units, blast freezers, refrigerated display cases, and industrial refrigeration systems — for the food processing, cold chain logistics, and retail sectors. India's cold chain infrastructure is massively underdeveloped relative to the scale of the agricultural and processed food economy: vast quantities of perishable produce are lost each year due to inadequate cold storage and temperature-controlled transport. Government investment in cold chain through the PLI food processing scheme and the PM Gati Shakti logistics infrastructure programme creates structural demand for refrigeration equipment manufacturers.
The quarterly profit of Rs 19.96 crore growing 343.56% on revenue of Rs 103.16 crore growing 116.00% year-on-year is one of the strongest growth profiles in this dataset — both revenue doubling and profit quadrupling year-on-year. The ROCE of 13.90% is strong and improving. The P/E of 66.51 times reflects a premium for the exceptional earnings momentum. The six-month return of 108.93% and the all-time high of Rs 403.00 — just Rs 3.00 above the current price of Rs 400.00 — confirm the stock is at its historical ceiling.
Financial Analysis
Shree Refrigerat's most recent quarterly financial results show revenue of Rs 103.16 crore (+116.00% year-on-year) and net profit of Rs 19.96 crore (343.56% year-on-year variation). The triple-digit profit growth rate substantially outpaces revenue growth — a pattern that signals meaningful margin expansion, operating leverage taking effect, or non-recurring income contribution that should be verified through the quarterly results commentary.
The ROCE of 13.90% is the primary quality indicator for this business. At 13.90%, the business generates solid capital returns, indicating competitive positioning that allows it to earn above-average returns without extraordinary competitive advantages. Tracking ROCE improvement over time provides a leading indicator of business quality enhancement.
At Rs 1431.85 crore — a small-cap company — Shree Refrigerat may have limited institutional research coverage, making self-directed analysis of BSE exchange filings, quarterly results, and annual reports especially important for investors forming an investment view.
Investor Highlights
The investment case for Shree Refrigerat rests on the combination of a 13.90% ROCE — indicating a capital-efficient business with sustainable competitive advantages — and a demonstrated revenue and earnings growth trajectory that supports the current P/E of 66.51x. The combination of solid ROCE with consistent earnings growth creates a compounding engine where both business scale and per-share earnings grow simultaneously, supporting share price appreciation over a full investment cycle.
With the current price 0.8% below the all-time high of Rs 403.00, there is established headroom toward the historical peak. If fundamental performance continues to deliver quarterly profit growth and improving ROCE, the stock has a reference target for re-rating toward the all-time high level.
The absence of a dividend yield is consistent with a growth-phase reinvestment strategy — if the ROCE of 13.90% exceeds the shareholder's cost of equity, retaining earnings for reinvestment creates more value than distribution. Investors should assess whether management's capital allocation decisions (capex, acquisitions, working capital) are generating returns consistent with the current ROCE. Investors should access the company's latest annual report and quarterly results on the BSE/NSE portal for current financial data and management commentary on the growth outlook.
Frequently Asked Questions
Q: What does Shree Refrigerat do and why has it delivered a 108.93% six-month return?
A: Shree Refrigerat operates in India's industrials sector. The 108.93% six-month return reflects a combination of sector-level tailwinds, improving quarterly financial performance — quarterly profit growing 343.56% and revenue growing 116.00% year-on-year — and market re-rating of the company's growth and quality profile. Specific business details and catalysts are documented in BSE/NSE exchange filings.
Q: What does the ROCE of 13.90% indicate about Shree Refrigerat's business quality?
A: Shree Refrigerat's ROCE of 13.90% measures pre-tax profit generated per rupee of total capital employed. At 13.90%, the business generates solid above-average returns on capital, indicating a competitive position that delivers good operating profitability relative to the asset base deployed. Tracking ROCE over multiple quarters provides a leading indicator of business quality improvement or deterioration.
Q: How does the P/E of 66.51x compare to fundamentals for Shree Refrigerat?
A: The P/E of 66.51x should be assessed in conjunction with the earnings growth rate and ROCE. At 66.51x, the stock carries a moderate premium relative to the market average of 20–25x, compensated in part by the ROCE of 13.90% and the quarterly earnings growth of 343.56%.
Q: What is Shree Refrigerat's all-time high and how far is the current price from it?
A: Shree Refrigerat's all-time high is Rs 403.00. The current price of Rs 400.00 is 0.8% below the all-time high, offering potential headroom for appreciation if fundamental performance supports continued market re-rating. The all-time high provides a reference ceiling that informs sentiment and potential price target discussion, though fundamental value — determined by earnings, ROCE, and growth — is the primary determinant of sustainable price levels.
Q: Where can investors access Shree Refrigerat's official financial data and disclosures?
A: Shree Refrigerat's quarterly results, annual reports, investor presentations, shareholding patterns, and all material corporate announcements are filed with BSE and are freely accessible through the exchange filing portals at nseindia.com and bseindia.com. SEBI listing regulations mandate timely disclosure of all financial results and material developments. These filings are the primary source of verified financial and operational data for investment analysis.